Both Maine and Massachusetts saw year-over-year increases in median home sales prices, according to the RE/MAX of New England Monthly Housing Report for April, the second consecutive month the two states have show improvements.
According to the report, Maine saw 968 units sold last month, compared to 900 in April 2011. The median sales price last month was $165,725, up from $160,750 a year ago.
While the other New England states saw their unit sales increase over 2011, the median sales price dipped in each state.
The report also reveals a big jump in pending sales, too, on a year-over-year basis in Maine. According to RE/MAX, there were 1,393 pending sales in April, compared with 972 in 2011.
“In New England, contract activity has been increasingly strong,” said Dan Breault, executive vice president, RE/MAX of New England. “More buyers are shopping for homes and with decreased inventory our agents have confirmed that it’s common to experience multiple offers on the same listing.”
If past experience is any guide, the Maine Association of Realtors’ numbers for April should be out soon, too.